Nonprofit · EIN 04-3177556
MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $55,434,000 | $64,245,000 | -$8,811,000 | $1,155,540,000 | $50,233,000 | $1,105,307,000 |
| June 30, 2024 | 990 | $66,489,000 | $54,982,000 | $11,507,000 | $1,010,214,000 | $24,735,000 | $985,479,000 |
| June 30, 2023 | 990 | $75,943,000 | $50,984,000 | $24,959,000 | $937,723,000 | $22,974,000 | $914,749,000 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $29,931,000
- Investment income
- $25,503,000
- Net gain from sales of assets
- $19,460,000
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $58,808,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $60,791,000
- Management and general (functional)
- $3,454,000
Balance sheet and other
- Total assets, start of year
- $1,010,214,000
- Total assets, end of year
- $1,155,540,000
- Total liabilities, end of year
- $50,233,000
- Net assets, end of year
- $1,105,307,000
- Publicly traded securities
- $234,776,000
- Net assets without donor restrictions
- $1,105,307,000
- Gross unrelated business income
- -$182,000
- Gross receipts
- $921,046,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Seth Alexander | Trustee Trustee or director | 1 | $0 | $3,845,075 | $617,315 |
| Glen Shor | Trustee Trustee or director | 1 | $0 | $950,529 | $76,638 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Seth Alexander | Trustee Trustee or director | 1 | $0 | $3,134,866 | $613,448 |
| Glen Shor | Trustee Trustee or director | 1 | $0 | $883,134 | $73,021 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Seth Alexander | Trustee Trustee or director | 1 | $0 | $2,635,663 | $457,443 |
| Glen Shor | Trustee Trustee or director | 1 | $0 | $795,890 | $68,243 |
Address and contacts
- Address (IRS master file)
- 77 MASSACHUSETTS AVENUE NE49-4000, CAMBRIDGE, MA 02139-4301
- In care of
- % BASIL A STEWART
- Principal officer (990 for 2024)
- GLEN SHOR, 77 Massachusetts Avenue, Cambridge, MA 02139
- Signed the 990
- JODI KESSLER, DIRECTOR, TAX AND GLOBAL OPERATIONS
- Phone
- (617) 253-2734
Mission
TO PROVIDE HEALTH AND LIFE INSURANCE BENEFITS TO COVERED ELIGIBLE RETIREES OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY AND THEIR DEPENDENTS, AS WELL AS INDIVIDUALS RECEIVING LONG-TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS.
Program accomplishments
- MEDICAL AND LIFE INSURANCE BENEFITS FOR ELIGIBLE RETIREES, ALONG WITH MEDICAL BENEFITS FOR THOSE RECEIVING LONG TERM DISABILITY BENEFITS FOR AT LEAST THREE YEARS, WERE PROVIDED TO APPROXIMATELY 7,446 INDIVIDUALS COVERED UNDER THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT) WELFARE BENEFIT PLANS TRUST.Expenses $60,791,000 · revenue $29,931,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 04-3177556
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y330)
- Assets (IRS master file)
- $1,155,540,000
- Income (IRS master file)
- $921,046,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $55,434,000 | $64,245,000 | $1,155,540,000 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $66,489,000 | $54,982,000 | $1,010,214,000 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $75,943,000 | $50,984,000 | $937,723,000 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $184,682,000 | $42,698,000 | $957,104,000 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3177556).
Questions about MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T
- What is the EIN of MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T?
- The employer identification number (EIN) of MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T is 04-3177556.
- Is MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T?
- The 990 for the year ended June 30, 2025 names GLEN SHOR.
- Who are the officers and directors of MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T?
- The 990 for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MASSACHUSETTS INSTITUTE OF TECHNOLOGY WELFARE BENEFIT PLANS T have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $55,434,000, expenses of $64,245,000 and total assets of $1,155,540,000 at year end.
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